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No taxes due on inherited life insurance

Por: Orlando Sentinel Business February 23, 2023

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Q: I inherited about $300,000 from my parents’ life insurance. What are the tax consequences of this? – S.S., Orlando A: You will not be subject to any gift or inheritance taxes. Life insurance passes without any tax consequences. – John West III Q: I am investing in my employer’s 401(k) plan and have my money in a target date fund 2025. Is this the right place for me to be invested? – S.B., Winter Park A: It really all depends on your... + full article



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